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Wednesday, April 11, 2007 9:08:09 AM
-In a previous message you said, "DANS will make $15 million in royalties alone from ICON as stated by ICON." That is simply incorrect.
-Royalty Revenues are not the same as sales. The statement, "This means that out of the $75 million in Royalty Revenues made by DANS, $15 million goes to ICON and the other $60 million must go to DANS since ICON stated that DANS is a $60 million company." That's simply incorrect. That's not how royalties work.
-All talk about the preferred is nothing more than assumptions. How do we know they didn't go further into debt int the meantime? How do you know they haven't issued another preferred. You're using 5 year old info. If everything is as they say, they could very easily display their audited financials. But they refuse to. A post on a bulletin board is not audited financials. There's no reason this company couldn't post audited financials on their website.
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